en de es fr it pt zh-CN Find us on Twitter Find us on LinkedIn

US and Canada Consult On Regulatory Cooperation

The Canadian and US Governments 'are working together to increase trade and prosperity,' Ed Fast has said.

Fast, Canada's International Trade Minister, has announced that the two Governments are seeking public comment on future regulatory cooperation. According to Fast: 'Finding new ways to align our regulatory systems will lead to more jobs, growth and prosperity in both countries.'

Bilateral trade totaled CAD742.5bn (USD70.4bn) in 2012. More than CAD2bn worth of goods and services crossed the border every day.

A Regulatory Cooperation Council (RCC) was set up in February 2011, charged with better aligning Canadian and US regulatory systems to the benefit of producers, manufacturers and consumers. Fast's Department claims that significant progress has been made toward reducing barriers to trade and moving goods across the border, resulting in fewer delays and less paperwork.

'Given the integrated nature of our economies, greater regulatory cooperation will create more efficient supply chains, increase trade and investment, and generate new export opportunities. We now have an excellent opportunity for businesses, consumers and other stakeholders to provide ideas for the next phase of alignment.'

'We are seeking views on how to expand and reinforce regulatory cooperation, on possible regulatory initiatives to be included in future work, as well as suggestions on how best to engage stakeholders as work progresses,' Fast said.

The consultation remains open until October 11.


Howlader Maria & Co joins TGS Global Network

Howlader Maria & Co., Chartered Accountants is a professional firm in Bangladesh which is being formed to provi

Read more >

Experience Provider joins TGS Global Network

Experience Provider M.E. Limited, is one of the top public accounting and tax advisory services firms in Jordan. They ar

Read more >

Quantum Auditors & 123 Consulting joins TGS Global Network

TGS are proud to be in South Africa with our most recent member, Quantum Auditors / 1.2.3. Consulting. With offices situ

Read more >

Massie Turcotte joins TGS Global Network

TGS are proud to announce a new member in Canada.   Massie Turcotte gives TGS a presence that stands out from other

Read more >

PGK Consultores joins TGS Global Network

TGS is delighted to announce the membership of PGK Consultores, Argentina. PGK is a dynamic firm whose partners began th

Read more >